Industrial Brakes and Clutches - A Global Strategic Business Report - new market research report

London 11/23/2012 10:31 AM GMT (TransWorldNews)

The global market for industrial brakes and clutches market will reach US$554 million by the year 2015. Growing safety needs, in view of the increasing demand for speed, and developing economies in the Asian, Latin American, and East European regions are driving growth of global industrial brakes and clutches market. In addition, innovative and improved manufacturing processes, and a shift in production from developed to the cost-effective developing regions, are key trends impacting the industrial brakes and clutches market.

Brakes and clutches form indispensable components of modern day industrial applications, including food and beverages processing, apparel and textiles, material management and treatment, automotive process equipment, and rolling applications. The global market, in recent years, was affected by escalating production costs, declining prices, and shrinking profit margins. This, coupled with the global economic recession, resulted in the decline in sales of industrial brakes and clutches, in the years 2008 and 2009. Nevertheless, the market showed signs of recovery from early 2010, and is expected to gain momentum in the next few years.

Europe dominates the global market for industrial brakes and clutches, as stated by the new market research report on Industrial Brakes and Clutches. The United States trails Europe in terms of sales, holding the second largest position in the global market. The US market is led by electromagnetic brakes and clutches segment, which is expected to generate sales to the tune of US$83.4 billion by 2013. Introduction of new technologies, coupled with increased emphasis on office automation, is likely to propel the already recovering market in registering steady growth in the next few years. Growth-wise, Asia-Pacific represents the fastest growing region for industrial brakes and clutches, and is forecast to grow at a CAGR of 3.24%. Increasing shift of production operations from relatively mature developed markets to low-cost production sites located in developing regions, represents one of the key factors driving market growth. Eastern Europe and Latin America constitute the other major important markets.

Electromagnetic brakes and clutches dominates the global industrial brakes and clutches market. These brakes are posing a major threat to the traditional permanent magnet brakes and clutches, owing to their higher precision and control. Despite this, traditional brakes have held their market primarily due to the inapplicability of electric drives and electromagnetic brakes for static loads. This, besides the ongoing efforts by major companies to develop new technologies for overcoming existing operational deficiencies in the permanent magnet brakes and clutches market are likely to lend respite to the market in coming years. Overrunning clutches is forecast to witness the fastest growth globally at a CAGR of 4.0% for the next few years.

'One-stop shopping' represents one of the key trends that has gained prominence in the industrial brakes and clutches market in recent years. Customers are increasingly opting for one-stop shop centers as they offer convenience when buying large quantities of products. Another market trend is the adoption of improved and innovative manufacturing processes by manufacturers to curtail production costs. Modular designs, CAD/CAM techniques, and just-in-time approach are also gaining significance in the market, ensuring flexibility and cost-reduction in manufacturing operations.

The report titled Industrial Brakes and Clutches: A Global Strategic Business Report provides a comprehensive review of the industrial brakes and clutches market, impact of ongoing recession on the market, current market trends, product segment review, end-use market coverage, new product introductions/innovations, recent industry activity, profiles of global market participants. The report analyzes market data and analytics in terms of value for regions including US, Canada, Japan. Europe, Asia Pacific, Middle East, and Latin America. Product segments analyzed include Overrunning Clutches, Electromagnetic Brakes & Clutches, and Permanent Magnet Brakes & Clutches.

Key players profiled in the report include Altra Industrial Motion Inc., Boston Gear, Formsprag Clutch Inc., Inertia Dynamics LLC, Marland Clutch, Warner Electric Inc., Dayton Superior Products Co. Inc, Electroid Company, Emerson Power Transmission, Hilliard Corp., KEB America Inc., INTORQ GmbH & CO. KG, Lenze AG, Magnetic Technologies Ltd., Magtrol Inc., Ogura Industrial Corp., Andantex USA Inc., Merobel, Stromag AG, Sjogren Industries Inc., among others.



Click for Report details:Industrial Brakes and Clutches - A Global Strategic Business Report



enquiries@companiesandmarkets.com
www.companiesandmarkets.com/Market/Industrial/Market-Research/Industrial-Brakes-and-Clutches-A-Global-Strategic-Business-Report/RPT830983?aCode=e7702a5b-ad88-47dd-bb7a-a58072d4bda2

 

News Alerts

Receive alerts for Companiesandmarkets.com to your inbox. Sign up for News Alerts

Empty Image

TransWorldNews, Inc. and its affiliate sites disclaim all liability for information and content provided by clients and appearing within their news and press releases.

Empty Image